PTC Extension: The 2013 Wind Challenge

Law360, New York (January 29, 2013, 12:27 PM EST) -- The wind energy industry breathed a welcomed sigh of relief as Congress enacted a one-year extension of the production tax credit (PTC) as part of the fiscal cliff deal. But even with a liberal "begin construction" rule that will allow projects to qualify for the PTC if not completed by the end of 2013, the industry faces significant challenges in availing itself of the economic benefit of this PTC extension. The crux of the matter lies in the relative scarcity of power purchase agreements (PPAs) for...